Procedures Designed to Protect Cash from Theft and Misuse from the Time

question 84

Multiple Choice

Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called

• A) accounting controls
• B) cash controls
• C) preventive controls
• D) detective controls

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Definitions:

Formalizing A Contract

The process of establishing a contract in a specified, official format that is legally binding and enforceable.

Developing Standards

The process of establishing criteria or norms for activities, products, services, or behaviors to ensure quality and consistency.

Eye-Hand Coordination

The coordinated control of eye movement with hand movement, enabling tasks requiring precision like writing or catching.

Crafts Activity

Creative activities involving the making of decorative or functional items by hand.